Which of the Following Statements Is True

question 14

Multiple Choice

Which of the following statements is true ?

• A) The national debt is the current year's amount by which the government is spending more than it collects as taxes.
• B) Deficits are financed by the government issuing for sale more government securities.
• C) The debt ceiling refers to the amount of debt at which the government is officially declared as being bankrupt.
• D) Internal national debt is the portion of the national debt owed to foreigners.